Farther Finance Advisors LLC Grows Stock Holdings in Photronics, Inc. (NASDAQ:PLAB)

Farther Finance Advisors LLC increased its holdings in shares of Photronics, Inc. (NASDAQ:PLAB) by 21.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,930 shares of the semiconductor company’s stock after purchasing an additional 1,066 shares during the period. Farther Finance Advisors LLC’s holdings in Photronics were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in shares of Photronics by 137.2% in the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock worth $30,000 after buying an additional 701 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Photronics by 65.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 567 shares in the last quarter. Quarry LP grew its stake in shares of Photronics by 223.4% during the 2nd quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 1,816 shares during the period. GAMMA Investing LLC increased its holdings in shares of Photronics by 65.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Photronics in the 2nd quarter valued at $75,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Photronics Price Performance

Photronics stock opened at $25.49 on Monday. The stock has a market capitalization of $1.61 billion, a PE ratio of 11.23 and a beta of 1.40. The business has a 50 day simple moving average of $23.80 and a 200-day simple moving average of $25.08. Photronics, Inc. has a 12 month low of $19.41 and a 12 month high of $34.16.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Thursday, August 29th. The semiconductor company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). Photronics had a return on equity of 9.46% and a net margin of 16.22%. The firm had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $225.00 million. During the same quarter last year, the firm posted $0.51 earnings per share. Photronics’s quarterly revenue was down 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Photronics, Inc. will post 2.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 28th.

Photronics Profile

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.